November 17, 2017 5:14 PM ET

Health Care Technology

Company Overview of CoverMyMeds LLC

Company Overview

CoverMyMeds LLC provides electronic prior authorization solutions for hospitals, prescribers, and pharmacists. It offers prior authorization software that enables electronic health record systems, health plans, pharmacy systems, and prescribers to initiate, transmit, and track the status of prior authorization requests within the clinical workflow. The company also provides Electronic Prior Authorization (ePA) National Scorecard that details the current state of electronic prior authorization; integrated ePA functionality for EHRs; PBMS+ Health plans that turn phone calls and faxes into real-time prior authorization determinations; and integrated prior authorization functionality for pharmac...

22901 Millcreek Boulevard

Suite 240

Highland Hills, OH 44122

United States

Founded in 2008

Phone:

866-452-5017

Key Executives for CoverMyMeds LLC

Co-Founder, Chief Executive Officer and Director
Board Chairman and Senior Advisor
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2017.

CoverMyMeds LLC Key Developments

Modernizing Medicine Announces Agreement with CoverMyMeds for Electronic Prior Authorization

CoverMyMeds and Modernizing Medicine announced an agreement to bring electronic prior authorization (ePA) functionality to the over 7,500 providers using EMA, the electronic health record (EHR) system in Modernizing Medicine’s suite of services. Modernizing Medicine is the latest EHR vendor to work with CoverMyMeds for electronic prior authorization and, according to the ePA National Adoption Scorecard, joins 73% of EHR and E-Prescribing vendors representing the majority of the market share who are currently committed to implementing ePA.

Mediware Information Systems, Inc. and CoverMyMeds Announce New Electronic Prior Authorization Partnership

Mediware Information Systems, Inc. and CoverMyMeds announced they have signed a partnership agreement which allows pharmacy providers access to electronically initiate and track prior authorization (PA) requests in workflow. Through the integration of Mediware's CareTend pharmacy software and CoverMyMeds, pharmacists can quickly process requests, receive determinations and ultimately fill prescriptions faster for any medication and all health plans through electronic data exchange. Data indicates pharmacists spend an average of 5 hours per week on PA, largely due to the paper forms, faxes and phone calls traditionally required to process requests. With CoverMyMeds, pharmacists increase productivity and provide faster access to treatment for their patients by electronically exchanging data with providers and health plans at no cost to the pharmacy.

Daw Systems, Inc. Partners with CoverMyMeds for Electronic Prior Authorization

CoverMyMeds, and Daw Systems Inc. announced partnership to bring electronic prior authorization (ePA) functionality to the health care facilities and prescribers using the ScriptSure E- Prescribing (ERX) Cloud platform. Prior authorization (PA) is the formulary management process of requiring pre-approval for certain prescribed medications. Historically, the PA process takes the form of paper, faxes and phone calls between medical practices, pharmacies and insurance companies. Electronic prior authorization transforms the paper-based PA workflow into an electronic process that minimizes prescription abandonment and administrative waste. Implemented properly, the ePA process provides real-time decision support for electronic prescribing. As a result of CoverMyMeds’ functionality, prescribers using ScriptSure ERX Cloud will be able to submit ePA requests for any medication and to all health plans. This functionality is unique to CoverMyMeds and arms physicians and their staff with the most efficient ePA solution.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 25, 2017
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